Workflow
Palm Oil
icon
Search documents
X @Bloomberg
Bloomberg· 2026-04-10 07:56
Thousands of tiny bugs from Africa have been released at an Indonesian palm oil plantation in North Sumatra https://t.co/5rQoCafYNW ...
铜冠金源期货商品日报20260401-20260401
1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The global market is significantly affected by the geopolitical situation in the Middle East, with asset prices showing high volatility. The A - share market is in an oscillating pattern, and the bond market is expected to oscillate in the short - term. Different commodity prices are affected by factors such as the Middle East conflict, supply - demand relationships, and cost factors [2][3] - The end - of - war signals between the US and Iran have led to a rebound in risk appetite in the overseas market, and the prices of various metals and agricultural products have shown different trends. The price trends of different varieties are mainly affected by factors such as the geopolitical situation, supply - demand fundamentals, and cost [4][6][23] 3. Summary of Each Section 3.1 Macro - Overseas: The US - Iran situation is in the stage of "fighting while negotiating, using pressure to promote negotiation". China and Pakistan call for cooling down the situation in the Middle East, and the market risk appetite has rebounded. The Nasdaq rose nearly 4%, oil prices fell about 3%, precious metals continued to recover, the US bond yield fell below 4.4%, and the US dollar index dropped to 99.7 [2] - Domestic: In March, China's official PMI rebounded overall, and the manufacturing PMI returned to the expansion range. However, the recovery sustainability is restricted. The A - share market is in an oscillating pattern, and the bond market is expected to oscillate in the short - term [3] 3.2 Precious Metals - International precious metal futures prices rose sharply on Tuesday. The end - of - war signals from the US and Iran have eased market concerns, but the geopolitical signals are still changing, and the precious metal prices are expected to oscillate in the short - term [4][5] 3.3 Copper - The copper price rebounded. The overall conflict situation is cooling down, the overseas risk appetite has rebounded, and the US dollar has fallen, which has boosted the metal market. The mine supply is still tight, and the refined copper production capacity expansion is restricted. The copper price is expected to continue to rebound in the short - term [6][7] 3.4 Aluminum - The aluminum price remained strong. Although there are expectations of conflict mitigation in the Middle East, the conflict is still expected to continue for some time. The domestic spot consumption is recovering seasonally, and the aluminum price is expected to maintain a strong performance [8][9] 3.5 Alumina - The alumina price oscillated. The overseas alumina surplus has increased, and the domestic new - production capacity is gradually being released, putting pressure on the price. However, the cost provides support, and it is expected to oscillate within a range [10] 3.6 Cast Aluminum - The cast aluminum price is in a relatively strong operation. The cost provides support, the supply is limited, and the demand is weak and stable. It is mainly dominated by macro and cost factors and is expected to perform strongly [11] 3.7 Zinc - The zinc price had a weak rebound. The end - of - war signals between the US and Iran have led to a rebound in market sentiment. The overseas zinc mine supply is tightening, the cost support is stable, the supply and demand are both increasing, and the zinc price is expected to have a weak rebound in the short - term [12][13] 3.8 Lead - The lead price oscillated at a low level. The supply of electrolytic lead is increasing steadily, and the supply of recycled lead is decreasing. The demand recovery is weak, the short - term supply - demand contradiction is dull, and the lead price is expected to oscillate at a low level [14] 3.9 Tin - The tin price had a weak rebound. The end - of - war signals have led to a rebound in market sentiment. The tin mine supply is gradually recovering, the refined tin supply is increasing steadily, and the short - term fundamental contradiction is limited. The tin price is expected to maintain a weak rebound pattern [15] 3.10 Nickel - The nickel price oscillated narrowly. The overall conflict situation is cooling down, the overseas risk appetite has rebounded, and the US dollar has fallen, which has boosted the metal market. The cost support of high - nickel iron is strong, but the downstream demand recovery is less than expected, and the nickel price is expected to oscillate in the short - term [16][17] 3.11 Lithium Carbonate - The lithium carbonate price oscillated widely. The market sentiment has cooled down, the supply is increasing, the demand resistance to high - priced raw materials is increasing, and the inventory is at a low level. The futures market is expected to oscillate widely [18] 3.12 Steel and Iron - Steel: The steel price is expected to oscillate. The PMI has returned to the expansion range, the terminal demand is in a weak recovery, and the supply and demand situation of different varieties is different [19] - Iron Ore: The iron ore price is expected to oscillate at a high level. The overseas port inventory has decreased, the iron water production has increased, the steel mill profit has recovered, and the raw material demand is rising [20][21] 3.13 Coking Coal and Coke - The coking coal and coke prices are expected to oscillate. The end - of - war signals between the US and Iran have led to a decline in energy prices, which has affected the coking coal and coke prices. The upstream production is increasing steadily, the downstream demand is warming up, and the inventory is decreasing [22] 3.14 Soybean and Rapeseed Meal - The soybean and rapeseed meal prices are expected to oscillate weakly. The new - season US soybean planting area estimate is slightly lower than expected, the spill - over effect of the Middle East conflict on fertilizer and fuel prices is emerging, and the domestic soybean supply is increasing. The soybean and rapeseed meal prices are expected to oscillate weakly in the short - term [23][24] 3.15 Palm Oil - The palm oil price is expected to oscillate at a high level. Indonesia will restart the B50 bio - diesel policy, which has greatly boosted market sentiment. The Malaysian palm oil export demand in March was good, which is conducive to inventory reduction [25][26] 3.16 Metal Trading Data - The trading data of various metals on the previous day, including contract closing prices, price changes, trading volumes, and open interest, are provided [27] 3.17 Industrial Data - The industrial data of various metals, such as inventory, spot price, and basis, on March 31 and March 30 are provided, including the comparison of data changes between the two days [28][31][33]
油脂油料早报-20260401
Yong An Qi Huo· 2026-04-01 02:44
1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - The report presents comprehensive information on the overnight market of oilseeds and oils, including data on soybean inventory, planting area, export volume, and palm - oil related policies and export data [1] 3. Summary by Related Catalog 3.1 US Soybean Data - The US 2026 March 1st quarterly soybean inventory was 2.104803 billion bushels, higher than the analyst estimate of 2.067 billion bushels and the 2025 March 1st inventory of 1.910924 billion bushels. Farm - inside inventory was 900 million bushels, and farm - outside inventory was 1.204803 billion bushels [1] - The US 2026 soybean planting area was estimated at 84.7 million acres, lower than the market expectation of 85.549 million acres, but higher than the 2025 actual planting area of 81.215 million acres [1] - Analysts predicted that the US soybean processors' February 2026 soybean crush might reach 214.3 million bushels. If the average prediction was accurate, it would be a 5.9% decrease from January and a 13.1% increase from February 2025. The average daily crush in February would reach 7.654 million bushels, a record high [1] - Based on the average prediction of five analysts, the US soybean oil inventory as of February 28, 2026, was expected to be 2.626 billion pounds, a 8.0% increase from the end of January and a 36.5% increase from the end of February 2025 [1] 3.2 Brazilian Soybean Data - Anec data showed that Brazil's March 2026 soybean export volume was estimated at 15.86 million tons, slightly lower than the previous week's prediction. The March 2026 soybean meal export volume was estimated at 2.24 million tons, also lower than the previous week's prediction [1] 3.3 Malaysian Palm - Oil Data - AmSpec data showed that Malaysia's March 1 - 31, 2026, palm - oil product export volume was 1,607,065 tons, a 56.7% increase from the previous month [1] - ITS data showed that Malaysia's March 2026 palm - oil product export volume was 1,658,021 tons, a 44.3% increase from the previous month [1] 3.4 Indonesian Palm - Oil Data - Indonesia will increase the mandatory blending ratio of palm - oil - based biodiesel from 40% to 50% (B50) starting from July 1, 2026, which is part of a broader plan to deal with the Iran war risk and will reduce fossil - fuel use by 4 million kiloliters per year [1] - Indonesia set the April 2026 crude palm - oil reference price at $989.63 per ton, higher than the March price. The March export tax will be raised to $148 per ton, and an additional 10% special export tax is imposed [1] 3.5 Spot Prices - The report provides the spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from March 25 to March 31, 2026 [5] 3.6 Other Information - The report also mentions the precipitation in major producing countries, the import soybean crushing profit on the futures market, and the import profit of oils, as well as the basis of oils and protein meals, and the price spread of oilseeds and oils on the futures market. However, specific data is not provided [1][7][9]
油脂油料早报-20260326
Yong An Qi Huo· 2026-03-26 01:31
Report Summary 1. Report's Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints - The U.S. is expected to expand its soybean planting area in 2026, while soybean inventory at the beginning of Q1 2026 may reach a six - year high. Brazil is likely to have a bountiful soybean harvest in the 2025/26 season. Malaysian palm oil exports from March 1 - 25, 2026, increased significantly compared to the previous month [1] 3. Summary by Relevant Catalogs 3.1 U.S. Crop Information - The average forecast of analysts is that the U.S. soybean planting area in 2026 will reach 85.549 million acres, higher than 81.215 million acres last year and the 85 million acres predicted by the USDA Outlook Forum. The expected corn planting area in 2026 is 94.371 million acres, lower than in 2025 but slightly higher than the Outlook Forum's prediction [1] - The average analyst expectation is that the U.S. soybean inventory on March 1, 2026, will be 2.063 billion bushels, the highest in six years and an 8% increase from the same period in 2025 [1] - From the week ending March 19, 2026, U.S. soybean export sales are expected to increase by 20 - 60 tons, with 20 - 50 tons for the 2025 - 26 season and 0 - 10 tons for the 2026 - 27 season. U.S. soybean meal export sales are expected to increase by 15 - 40 tons, and soybean oil export sales are expected to range from a net decrease of 2 tons to a net increase of 2.4 tons [1] 3.2 Brazilian Crop Information - Agroconsult reported that Brazilian farmers are expected to harvest 184.7 million tons of soybeans in the 2025/2026 season, a 0.9% increase from the early - March forecast. The company adjusted the planting area to 49.1 million hectares and the average national yield to 62.7 bags per hectare. South Rio Grande do Sul is the main area with reduced production, while most other major producing states are performing well [1] 3.3 Malaysian Palm Oil Information - According to ITS, Malaysian palm oil exports from March 1 - 25, 2026, were 1,414,990 tons, a 38.4% increase from the same period last month. According to AmSpec, exports were 1,389,549 tons, a 50.6% increase from the same period last month [1] 3.4 Spot Prices - Spot prices of various products from March 19 - 25, 2026, are provided, including prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu. For example, on March 19, 2026, the soybean meal price in Jiangsu was 3300, and on March 25, it dropped to 3190 [1][2]
X @Nick Szabo
Nick Szabo· 2026-03-23 05:04
RT Charlie Bilello (@charliebilello)Price increases since the start of the Iran war...European Natural Gas: +85%Heating Oil: +80%Brent Crude Oil: +54%Urea: +48%WTI Crude Oil: +46%Gasoline: +44%Diesel: +42%Sulfur: +25%Coal: +24%Fertilizer: +23%Palm Oil: +13%US Natural Gas: +8%Iron Ore: +7%Rice: +7% ...
油脂油料早报-20260323
Yong An Qi Huo· 2026-03-23 01:28
Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Views - Brazilian 2025/26 soybean harvest rate reaches 65.79%, lags behind last year's 73.84% but is close to the five - year average of 66.96%. Rainfall in central Brazil is a concern, but overall situation is positive, and Mato Grosso leads with a 99.1% harvest rate [1] - Malaysian palm oil exports from March 1 - 20 increase by 49.6% (AmSpec) and 38.1% (ITS) compared to the same period last month [1] - China's January 2026 palm oil imports decrease by 5.94% month - on - month, and February imports decrease by 1.61% month - on - month. January rapeseed imports increase by 117.54% month - on - month, and February imports decrease by 42.39% month - on - month. January rapeseed meal imports increase by 11.26% month - on - month, and February imports decrease by 31.14% month - on - month [1] Group 3: Summary by Related Catalogs Overnight Market Information - Brazilian soybean harvest rate, palm oil export data from Malaysia, and China's palm oil, rapeseed, and rapeseed meal import data are presented [1] Spot Prices - Spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from March 16 - 20, 2026 are provided [2] Protein Meal Basis and Oil Basis - Only the headings are given, no specific content [3] Oil and Oilseed Futures Price Spreads - Only the heading is given, no specific content [5] Main Producing Country Precipitation Conditions - Only the heading is given, no specific content [1] Imported Soybean Futures Crushing Profit - Only the heading is given, no specific content [1] Oil Import Profit - Only the heading is given, no specific content [1]
油脂周报:地缘扰动仍存,油脂短期高位震荡-20260320
Yin He Qi Huo· 2026-03-20 09:49
1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - Geopolitical factors remain the focus of the oil and fat market. In March, Malaysian palm oil may continue to reduce inventory, but the inventory may remain at a relatively high level due to the high base. Domestic palm oil has a phased inventory accumulation pressure after the delayed arrival of shipments, but India's large - scale imports of palm oil and the increase in biodiesel blending profit are beneficial to palm oil demand. Domestic soybean oil is continuously reducing inventory slightly, and the overall supply is sufficient. It is still supported by the positive expectation of the US biodiesel policy. In the short term, before a large amount of Canadian rapeseed arrives, rapeseed oil maintains a slightly low - level inventory, and the ongoing Middle - East geopolitical war promotes the rapeseed oil price, and rapeseed oil may fluctuate at a high level [4][24]. 3. Summary by Relevant Catalogs 3.1 International Market - Malaysia - High - frequency data shows that the production of Malaysian palm oil from March 1st to 15th decreased by 5.28%, a significant decline compared with the 1.55% increase in the first 10 days. The rainfall forecast indicates that the production area will be relatively dry in the next week, and the production in March is expected to recover poorly but still increase slightly to around 1.45 million tons. The current spot price of Malaysian CPO has risen to around 4,500, slightly lower than the same period last year. In terms of exports, ITS data shows that the export of Malaysian palm oil from March 1st to 15th increased by 44% month - on - month, with the growth rate expanding compared with the 38% increase in the first 10 days. It is expected that the inventory in March will be reduced to between 2.5 and 2.6 million tons, still at a high level in the same period of history [10]. 3.2 International Market - Indonesia - Starting from March 20th, Indonesia will enter the Eid al - Fitr holiday, lasting about 7 - 10 days. It is expected that the CPO reference price in Indonesia will be raised to around $995 in April, and the taxes and fees will also be raised by one level to $148, which will further increase the cost of palm oil. Affected by the Middle - East geopolitical conflict, the prices of crude oil and diesel have risen significantly, and the POGO spread has dropped significantly, resulting in a significant recovery of the blending profit of palm - based biodiesel, which will increase the demand for palm biodiesel. According to the HIP spread between Indonesian biodiesel and diesel, it is expected that Indonesian biodiesel will not need subsidies in April. Driven by profit, it will be beneficial to the increase in biodiesel production in March and April. As of February 12th, the cumulative biodiesel supply in Indonesia from January to February was about 1.27 million kiloliters, with a completion rate of about 85% in January, and the implementation of biodiesel is good [13]. 3.3 Domestic Palm Oil - As of March 13, 2026 (Week 11), the commercial inventory of palm oil in key national regions was 842,000 tons, an increase of 29,900 tons or 3.68% compared with last week. The palm oil inventory has been continuously increasing and is at a relatively high - level in the same period of history. The origin's quotation is stable, the import profit of the futures market is inverted by about 100, and the basis is running weakly and stably. According to incomplete statistics, there were 6 ship purchases this week. On the demand side, the spot market trading is light, and downstream buyers have a low acceptance of high prices, and the procurement is mainly for rigid demand. In the short term, affected by the sharp rise in crude oil, the overall oil and fat market has risen driven by the increase in biodiesel demand. Considering that geopolitical factors may be volatile, it is expected that palm oil will fluctuate at a high level in the short term [16]. 3.4 Domestic Soybean Oil - As of March 13, 2026, the commercial inventory of soybean oil in key national regions was 890,900 tons, a decrease of 15,000 tons or 1.66% compared with last week. The soybean oil inventory is still at a relatively high level in the same period of history. The spot basis of soybean oil varies in different regions, with the basis in the north being stable and slightly strong, and that in East and South China being stable. The spot price difference between soybean oil and palm oil has oscillated and dropped to around - 980, the spot trading volume of soybean oil has increased slightly, and the market trading sentiment has warmed up. The oil mill's crushing and operation rate is gradually rising, and the supply of soybean oil is increasing. It is understood that there is a small amount of domestic soybean oil exports this week, and overall, the soybean oil inventory will continue to remain at a relatively high level. Fundamentally, the domestic soybean oil supply is sufficient, but it is supported by the positive expectation of the US biodiesel policy, and driven by geopolitical factors, soybean oil follows the overall oil and fat market to fluctuate at a high level [19]. 3.5 Domestic Rapeseed Oil - As of March 13, the rapeseed inventory of major coastal oil mills was 151,000 tons, an increase of 30,000 tons compared with last week. As of March 13, 2026, the coastal rapeseed oil inventory was 282,000 tons, an increase of 19,000 tons, at a relatively neutral and slightly low level in the same period of history. The FOB quotation of European rapeseed oil is stable at around $1,150, and the import profit of European rapeseed oil has an inverted spread that has expanded to around - 1,500. After the Spring Festival, the oil mills have increased their operation, and the supply of rapeseed oil has increased. However, the downstream consumption is in the seasonal off - season, the market demand is weak overall, and the transactions are mainly for a small number of long - term basis contracts. The basis of rapeseed oil is stable. In the short term, rapeseed oil maintains a slightly low - level inventory. Before a large amount of Canadian rapeseed arrives and with the ongoing Middle - East geopolitical war and the interruption of Dubai rapeseed transportation, the rapeseed oil price is promoted to a certain extent, and rapeseed oil may be prone to rise and difficult to fall. However, if the Middle - East war weakens later and a large amount of Canadian rapeseed arrives in April, the supply pressure of long - term rapeseed oil will increase, and the upward pressure on rapeseed oil prices will also be prominent [22]. 3.6 Strategy Recommendations - Unilateral strategy: In the short term, geopolitical disturbances continue, and oil and fat may fluctuate at a high level. - Arbitrage strategy: Consider the opportunity of reverse arbitrage for P5 - 9 and Y5 - 9 when the price is high. - Option strategy: Wait and see. (The views are for reference only and not as a basis for trading) [26]
油脂油料早报-20260320
Yong An Qi Huo· 2026-03-20 01:51
1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The soybean export sales and shipments in the US for the week ending March 12 were lower than expected, while the export sales of US soybean meal met expectations [1] - Allendale predicts that US farmers will reduce corn planting area by 5.2% and increase soybean planting area by 5.5% in 2026 [1] - Abiove expects Brazil's 2025/26 soybean production to reach 177.85 million tons, with increased soybean crushing, bean - meal and soybean oil production [1] - SPPOMA data shows that Malaysia's palm oil production from March 1 - 15, 2026 decreased by 5.28% month - on - month [1] 3. Summary by Related Catalogs Overnight Market Information - For the week ending March 12, US current - market - year soybean export sales net increased by 29.82 million tons, 35% less than the previous week and 42% less than the four - week average, with a market forecast of 35 - 80 million tons. The export shipments were 90.65 million tons, 9% less than the previous week and 14% less than the four - week average. The new sales for the current market year were 31.77 million tons, and 0.66 million tons for the next market year. The net export sales to China were 7.99 million tons, and the export shipments to China were 54.59 million tons [1] - For the week ending March 12, US current - market - year soybean meal export sales net increased by 22.09 million tons, 33% more than the previous week and 25% less than the four - week average, meeting the market forecast of 15 - 30 million tons. The export shipments were 39.76 million tons, 10% more than the previous week and 6% more than the four - week average. The new sales for the current market year were 23.46 million tons, and 0.14 million tons for the next market year [1] Planting Area Forecast - Allendale's survey shows that US farmers plan to reduce corn planting area by 5.2% and increase soybean planting area by 5.5% in 2026. The expected corn planting area is 93.678 million acres, and the soybean planting area is 85.659 million acres. USDA's February forecast was 94 million acres for corn and 85 million acres for soybeans. Farmers have sold 83% of the 2025 soybean harvest and 11% of the 2026 harvest [1] Production Forecast - Abiove expects Brazil's 2026 soybean crushing to reach a record 61.5 million tons, up from the previous estimate of 61 million tons. The 2025/26 soybean production is expected to reach 177.85 million tons, up from 177.12 million tons. The 2026 soybean exports are expected to be 111.5 million tons, the same as the previous estimate. The 2026 bean - meal production is expected to be 47.4 million tons, up from 47 million tons, and the soybean oil production is expected to be 12.35 million tons, up from 12.25 million tons [1] Palm Oil Production - SPPOMA data shows that Malaysia's palm oil production from March 1 - 15, 2026 decreased by 5.28% month - on - month, with a 2.96% decrease in fresh fruit bunch yield and a 0.44% decrease in oil extraction rate [1] Spot Prices - The spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from March 13 - 19, 2026 are provided [1]
油脂油料早报-20260318
Yong An Qi Huo· 2026-03-18 01:07
1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The report presents overnight market information on the oilseeds and oils industry, including export volume forecasts, crop harvest progress, and export data, along with price data for related products [1] 3. Summary by Related Catalogs Overnight Market Information - Anec predicts Brazil's soybean exports in March to be 1,632 million tons, down from last week's forecast of 1,647 million tons; the expected soybean meal shipments are 266 million tons, down from 282 million tons last week [1] - Conab shows that as of the week of March 14, 2026, the harvest rate of Brazil's 2025/26 soybean crop is 59.2%, up from 50.6% the previous week, compared to 69.8% in the same period last year and a five - year average of 58.4% [1] - Deral reports that as of the week of March 16, the soybean harvest rate in Brazil's Paraná state is 70%, up from 60% the previous week but lower than 81% in the same period last year; the corn planting rate is 83% [1] - SGS indicates that the export volume of Malaysian palm oil products from March 1 - 15, 2025 is 443,812 tons, a 28.25% increase from 346,061 tons in the same period last month [1] Spot Price - The report provides the spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from March 11 - 17, 2026 [2] Other Information - The report also mentions information on precipitation in major producing countries, import soybean crushing margins, oil import margins, protein meal basis, oil basis, and oilseeds and oils price spreads, but no detailed data is provided [1][5]
油脂油料早报-20260317
Yong An Qi Huo· 2026-03-17 00:59
Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The overnight market information shows that the US soybean export inspection volume and soybean crushing volume in February 2026 exceeded expectations, and the soybean oil inventory increased [1]. - Brazil's soybean exports in the first two weeks of March and the progress of the 2025/26 soybean harvest are reported, and Malaysia's palm oil exports from March 1 - 15 increased significantly [1]. 3. Summary by Related Catalogs Overnight Market Information - US soybean export inspection volume: As of the week ending March 12, 2026, the US soybean export inspection volume was 966,082 tons, higher than the market expectation of 400,000 - 800,000 tons, and the previous week was 887,003 tons. The export inspection volume to the Chinese mainland was 545,858 tons, accounting for 56.5% of the total. The cumulative export inspection volume this crop year is 28,061,287 tons, compared with 39,123,071 tons in the same period of the previous year [1]. - US soybean crushing volume: In February 2026, the soybean crushing volume of NOPA member units was 208.785 million bushels, a year - on - year increase of 17.4%. The daily crushing volume was 7.457 million bushels, exceeding the previous record. The soybean oil inventory increased to 208 million pounds, a 9.5% increase from the end of January and a 38.4% increase from the same period last year [1]. - Brazil's soybean exports: In the first two weeks of March, Brazil exported 6,507,349.57 tons of soybeans, with a daily average export volume of 650,734.96 tons, a 16% decrease compared with the daily average export volume in March of the previous year [1]. - Brazil's soybean harvest progress: As of last Thursday, the harvest of Brazil's 2025/26 soybean was 61% complete, a 10 - percentage - point increase from the previous week but lower than 70% in the same period last year. The harvest pace is the slowest since the 2020/21 season [1]. - Malaysia's palm oil exports: From March 1 - 15, Malaysia's palm oil product exports were 921,606 tons, a 56.9% increase compared with the same period last month [1]. Spot Prices - The spot prices of bean粕 in Jiangsu, rapeseed粕 in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from March 10 - 16, 2026 are provided [2].